Mobilising EUR 500m of new funds to support innovative companies in nine CEE countries. Funds will be allocated through nine local banks and six leasing companies. 1,300 SMEs are expected to be supported.
UniCredit today announces that, through its subsidiary UCB (Bulgaria), it has reached an agreement with APS and Balbec Capital to sell on a non-recourse basis a portfolio composed of secured and unsecured non-performing loans granted by UCB to SME and Corporate customers.
In the last 10 years, the volume of the investments of households in Bulgaria reached 250% growth.
UniCredit Bulbank will provide Bulgarian companies with investment and working-capital funding of 210 million leva. Loans will be provided under preferential conditions - fewer collateral requirements and no guarantee fee.
UniCredit and the Export-Import Bank of China (CEXIM) intensify their cooperation in CEE, China and Italy.
UniCredit has announced the signing of a Memorandum of Understanding (MoU) with the Export-Import Bank of China (CEXIM) to assist in establishing and developing long-term relationships in order to promote cooperation between Chinese, Italian and Central Eastern Europe (CEE) companies.
The MoU's ...
The Rating Agency Moody's has upgraded UniCredit SpA's stand-alone rating to 'baa3' (from 'ba1').
The Rating Agency S&P Global Ratings ("S&P") has changed UniCredit SpA's outlook to stable (from negative).
Teodora Petkova, Chief Executive Officer of UniCredit Bulbank: Financial literacy is a prerequisite for well-being improvement.
Both banks and Bulgarians have adopted a common-sense and conservative approach to loans
Borislav Bangeev replaced Teodora Petkova who was appointed as a Chair of the Management Board and Chief Executive Officer of UniCredit Bulbank at the beginning of May 2019.